The US Department of Agriculture recently released the "Annual Report on Chinese Nuts," which reveals that China's production of commodity-grade walnuts with shells will remain steady at 1.4 million tons in the 2023/24 . The production of summer magnolia is expected to increase by 36% to 57,000 tons, while the production of Xinjiang Almond is significantly reduced to 5,000 tons due to low winter temperatures. Benefiting from strong demand and ample global supply, imports of almonds, pistachios, and macadamia nuts will continue to grow.

Walnuts

It is expected that the production of commodity-grade walnuts with shells in China for the 2023/24 (September to August of the following year) will be 1.4 million tons, which is the same as the previous year.

Almond

Due to the extremely low temperatures in January in Shache County, Xinjiang, which damaged a large number of plants, it is expected that the production of shelled Almond in China will significantly decrease to 5000 tons in the 2023/24 (August to July of the following year).

Pistachio

The production of pistachios in China is very limited. According to industry reports, the production for the 2023/24 (September to August of the following year) was only 300 tons.

Macadamia Nuts

It is expected that the production of shelled Macadamia Nuts in China for the 2023/24 (September to August of the following year) will reach 57,000 tons, representing a year-on-year increase of 36%.

Hazelnut

It is expected that the production of hybrid hazelnuts (with shells) in China for the 2023/24 (September to August of the following year) will reach 60,000 tons, which is a 3% increase compared to the previous .

Pecan

It is expected that China will produce 4300 tons of shelled pecan in the 2023/24 (September to August of the following year). Farmers in eight provinces, including Yunnan, Anhui, and Jiangsu, have planted approximately 83,000 hectares of pecan. However, the majority of the plants have not yet started to bear fruit.

Consumption and Price

In recent years, the rapid growth of nut consumption has slowed down during the pandemic, but it is expected to moderately increase in the 2023/24 .